Market Report Apr 14 2022

  • Post author:

Market Report for Apr 14 2022

S&P 500 and Nasdaq

Market Trend:
S&P 500 = Mixed
Nasdaq Composite = Mixed

Stock Market %:
DJIA: +1.01
Nasdaq Composite: +2.03
S&P 500: +1.12
UK FTSE 100: +0.05

Market Volume:
NYSE Vol: 790 mln (Below)
Nasdaq Vol: 4.8 bln (Below)

Yields:
2-yr: -5 bps to 2.34%
3-yr: -4 bps to 2.56%
5-yr: -3 bps to 2.64%
10-yr: -4 bps to 2.69%
30-yr: -3 bps to 2.79%

Comments:
A fairly broad-based advance on the market for Wednesdays session with investors buying the dip. The Nasdaq Composite being the outperformed but failed to reach and close above the 50MA. The S&P 500 which was closer to its 50MA managed to get above that level.

Our trades were already in and we have managed what we need so are positioned for the weekend. We are apprehensive about taking on new risk until after the long weekend which begins after today’s close.

PPI was up 1.4% MoM in March and Yields declined for a second straight day.

We are still in a choppy environment and so the best position is probably to continue to stand aside until next week.

Enjoy the extended weekend.

Let’s go trade!